Why California Housing Is So Expensive

Although master-planned communities are quite common in Texas, New Mexico, and Arizona, they are few and far between in California thanks to strict land-use laws and an anti-development mentality. So it is good to learn that a 15,663-home master-planned community will be built near Hesperia, just a half-hour north of San Bernardino and a little more than an hour from downtown Los Angeles.

To be called Tapestry, the community will be built on 9,366 acres of former ranch lands, of which 4,933 acres will be set aside as open spaces and parks. The homes centering around a 700,000-square-foot commercial area will include all kinds of housing from condos and town homes to single-family homes on 18,000- and 21,500-square-foot lots. Continue reading